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18A Forest Rd 2,245 sq ft Retail Property Northallerton DL6 1JZ £595,000 (£265.03/sq ft) 6.55% Net Initial Yield
Investment Highlights
- Positioned strategically between major urban centres
- Strong footfall
- Excellent transport connectivity
Executive Summary
Prime investment opportunity comprising a retail convenience store and first floor flat. The property is currentlylet to Morisons Daily for a term of 16.5 years commencing 20th October 2017 on an FRI lease and is subject to a fixed uplift of 2% per annum. The property generates £40,495.00 per annum of rental income and the first floor flat has a ground rent of £150 per annum. The freehold interest if available for the sum of £595,000.00
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,245 sq ft
Costar Property Class
B
Year Built
1980
Price
£595,000
Price per sq ft
£265.03
Yield
6.55%
NOI
£38,973
Tenancy
Single
Number of Floors
2
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 4
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18A Forest Rd
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